State Ex Rel. Central Farmer's Trust Co. v. Chillingworth

In January, 1925, Datura Holding Company executed and placed in the hands of Farmers’ Bank & Trust Company, as trustee, a trust deed, or mortgage encumbering certain property in Palm Beach County. It (the trust deed) was given to secure the payment of ninety-seven negotiable real estate mortgage coupon Bonds made payable to bearer, twenty-four of which were in denominations of $500 each, and seventy-three of which were in denominations of $1,000 each. All of said bonds were marketed and sold to the general public.

In March, 1927, the Farmers’ Bank & Trust Company became insolvent and was taken…